South Beloit Firefighter's Pension Fund
Recent News About South Beloit Firefighter's Pension Fund
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Report: South Beloit Firefighter's Pension Fund gained $15,992 in investment income in 2018
After projecting its investments would grow by 5 percent, the South Beloit Firefighter's Pension Fund netted 0.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: South Beloit Firefighter's Pension Fund would go bankrupt in 25 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the South Beloit Firefighter's Pension Fund would have lost $84,498 in 2018, according to a Rockford Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: South Beloit pays $19.66 for every $1 pensioners contribute to South Beloit Firefighter's Pension Fund
Taxpayers contributed 95.2 percent of the $452,112 the South Beloit Firefighter's Pension Fund brought in 2018, or $19.66 for every $1 from pension members.
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Report: 56.2% of South Beloit Firefighter's Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.2 percent of the South Beloit Firefighter's Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in South Beloit Firefighter's Pension Fund earns $65,842 per year
The South Beloit Firefighter's Pension Fund had 4 active participants receiving an average salary of $65,842 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: South Beloit pays $3.75 for every $1 pensioners contribute to South Beloit Firefighter's Pension Fund
Taxpayers contributed 79 percent of the $116,737 the South Beloit Firefighter's Pension Fund brought in last year, or $3.75 for every $1 from pension members.
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Report: 50.7% of South Beloit Firefighter's Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 50.7 percent of the South Beloit Firefighter's Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division